Reply to Just Curious: Post if you have a Masters, Law or MD and your parents did not pay for college

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Reply to "Just Curious: Post if you have a Masters, Law or MD and your parents did not pay for college "

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[quote=Anonymous][quote=Anonymous]OP, I am a physician and my parents paid for the whole thing. 
Now, many of my friends had to take out loans and that took a hard situation and made it even harder. The debt itself is a strain and sadly, many of them who are in primary care can not repay the loans. Some are in their late fifties and still paying student loan debt. The average medical school cost will put a student into about $250K of debt, even higher for the private schools. Then there was that first degree that could easily cost $150K even at the State schools. [/quote]

Our parents, who earned nowhere near $1 million a year, paid for my college education, and that of my two siblings.  They also paid for my brother's Masters in Education, so that he could become a school teacher. I studied law, came out with substantial debt, and spent a decade paying off my loans.  My sister, top of her class at an excellent medical school, happened to meet and marry the son of a very wealthy family (the type of family that endows numerous things in a major American city).  She is a practicing doctor, as is her husband, but they did not have to worry about paying off their loans.  DH and I plan to pay for both college, and the graduate school educations of our children, I know that my sister and her husband do as well.  The teacher and his wife also plan to pay for their daughters' college education, though they may be encouraged to apply to a public university.,[/quote]

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